COT Market Sentiment
This week’s COT report presents a landscape of mixed strength across major currencies and commodities. Traders watching for reliable setups will find clarity in how institutional positioning reflects broader macro sentiment. The report fuels our 8 Bullish & Bearish Setups framework with the following sentiment breakdown:
- AUD – WEAK (3/5)
- GBP – WEAK (5/5)
- CAD – WEAK (5/5)
- EUR – STRONG (5/5)
- JPY – STRONG (2/5)
- CHF – WEAK (3/5)
- USD – WEAK (3/5)
- NZD – WEAK (5/5)
- GOLD – STRONG (2/5)
- SILVER – STRONG (3/5)
These readings, when paired with price action and technical indicators, guide the 8 Bullish & Bearish Setups that traders can plan around in the days ahead.
Market Analysis
GOLD
Gold continues to trade at elevated levels, testing the $3,391.26 resistance zone amid growing rate-cut expectations from the Fed. With both MACD and RSI showing strong bullish momentum, this asset features as one of our 8 Bullish & Bearish Setups on the buy side. Patience and timing will be key for traders looking to enter on retracements.
SILVER
Silver confirms its bullish breakout by pushing above the EMA200, supported by strong momentum in Gold. With MACD and RSI aligned in bullish territory, this becomes another top-tier buy candidate in our 8 Bullish & Bearish Setups. If momentum sustains, a trend reversal may confirm this week.
DXY
The U.S. Dollar remains stuck in consolidation as traders await clarity on the Fed’s rate decision. Despite MACD showing early bullish growth, price action lacks follow-through. This divergence weakens the bullish argument and keeps the Dollar in the bearish group of our 8 Bullish & Bearish Setups until further confirmation.
GBPUSD
GBPUSD is pushing slightly higher toward the EMA200 and resistance, but a bearish divergence between MACD and price suggests weakness. This pair stands out in our 8 Bullish & Bearish Setups for a potential short play, especially if momentum fades near structural resistance.
AUDUSD
The Aussie remains in a state of consolidation. With no clear directional confirmation, this pair stays neutral for now but remains on watch in our 8 Bullish & Bearish Setups. A break below or above consolidation will help confirm the next move.
NZDUSD
The Kiwi mirrors AUD’s behavior with extended sideways movement. As part of our 8 Bullish & Bearish Setups, this is another asset to monitor rather than act on immediately. A break of consolidation will determine bullish or bearish inclusion in the coming days.
EURUSD
The Euro is also in consolidation. With no significant movement, it holds a neutral place in our 8 Bullish & Bearish Setups, but remains important due to its proximity to the EMA200 and overall market influence.
USDJPY
USDJPY is creeping higher but showing signs of bearish divergence. Like GBPUSD, MACD shows buying while price fails to follow. This indicates a potential short setup within our 8 Bullish & Bearish Setups, especially if resistance holds and momentum fades.
Final Thoughts
This week’s 8 Bullish & Bearish Setups offer a well-balanced mix of momentum trades and consolidation breakouts to watch. While GOLD and SILVER lead the bullish opportunities, pairs like USDJPY and GBPUSD show bearish potential. The remainder of the market calls for patience as traders await more decisive action.